Forex Price Action Sniper MT4 Indicator

Forex Price Action Sniper MT4 Indicator:

About the Forex Price Action Sniper MT4 Indicator

Price Action Sniper is designed to trade the Price Action on the desired chart time frame.

– Trend Reversals.

– Trend Continuation.

– Brekaouts.

– Good tool for Binary Options

Price action forms the basis for all technical analysis of a currency pair, commodity or other asset chart.

Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions.

Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions

Price Action Sniper send signals by checking:

– Trendlines

– Candle Stick Patterns  and Formations: Three Line Strike, Three Black Crows, Engulfing Candles, Evening Star, Shooting Star

– Deviations

– Moving Averages

– Support / Resistance

Parameters:

– Draw Lines True/Flase : Choose True if you want to see the key lines drawn by the indicator.

– Show Only New Forms: Choose False if you want to see the history.

– Choose Alert for your need.

Advantages:

– Optimum paramaters ( Moving Avarages for each TF and deviations ) has been set.

– Works on every time frame and every instrument.

– Perfect combination with Cycle Sniper Indicator.

– You can trade with the indicator or combine it with your own indicators.

Notes:

– All Arrows do not mean buy/sell signal. They show the potential direction  of the market.

– Buy Entry / Sell Entry arrows can be used as a signal.

– Recommended History Bars :200

– The lines show the structure of the market and are highly recommended to display them on the chart.

– Startegy Tester Timeframe: H4

Test results:

Forex Price Action Sniper MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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